Victor and Norman are co-owners in fee simple of a small office building. Norman dies intestate and leaves nothing to be distributed to his heirs. Victor is neither related to Norman nor his creditor. Which of the following would explain why Victor acquired Norman's interest?

A) Adverse possession
B) Reversionary rights
C) Joint tenancy
D) Foreclosure

Answer: C) Joint tenancy

Business

You might also like to view...

A direct labor cost variance is unfavorable if the employer pays workers more per hour than budgeted

Indicate whether the statement is true or false

Business

A former key employee at Big Firm used proprietary and confidential information he had learned while at Big Firm to further his own business. He may be liable under state law for _______________of trade secrets.

a. Misfeasance b. Misappropriation c. Misprision d. Manumission

Business